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Money20/20’s TwentyFold Fintech Intelligence Platform Makes Asian Debut at Money20/20 Asia


BANGKOK, THAILAND – Media OutReach Newswire – 30 April 2024 – TwentyFold, the fintech intelligence platform from Money20/20 is expanding its global reach with a launch at Money20/20 Asia in Bangkok. Following a successful Early Access launch exclusively for Money20/20 USA customers, TwentyFold is now available to the Asian fintech and investment community. This platform offers comprehensive data and insights to drive smarter dealmaking and partnerships.

Money20/20's TwentyFold Fintech Intelligence Platform Makes Asian Debut at Money20/20 Asia

TwentyFold is a Data-as-a-Service (DaaS) platform designed to help fintech professionals make informed investment and partnership decisions. It offers the widest and deepest source of fintech startup information globally, currently boasting over 65,000 fintechs, enabling users to:

  • Discover promising startups through our laser-sharp Fintech Taxonomy. Refine searches by business model, funding stage, current investors, and other key criteria.
  • Identify partnership opportunities: Explore partnership data to find the perfect match for strategic alliances.
  • Streamline due diligence: Access detailed company profiles, including founders, funding history, technology stack, and more.

“The Asian fintech landscape is vast and rapidly evolving. TwentyFold empowers investors and fintechs to navigate this market effectively, unlocking impactful opportunities,” said Jurgen van Leeuwen, TwentyFold’s Vice President of digital intelligence.

Powered by Money20/20’s proprietary fintech taxonomy and augmented by AI, TwentyFold ensures exceptional data provenance & accuracy, depth, and ease of use. Its intuitive search functionality and AI conversation feature ‘Fin’ deliver a seamless user experience.

Twentyfold currently includes over 65,000 fintechs and over 22,000 fintech investors globally, and thousands of fintechs and investors are added weekly. Almost 15,000 Asian fintech startups and close to 5,500 investors based in Asia are listed in Twentyfold, meeting the needs of the expansive startup investment market in Asia.

“Investors seeking to capitalise on Asia’s fintech growth need sophisticated tools to gain a strategic advantage. TwentyFold delivers refined data analysis and market intelligence to support robust decision-making,” said William Mellis, Chief Strategy Officer at Ascential Futures, Money20/20’s parent company.
Hashtag: #Money2020

The issuer is solely responsible for the content of this announcement.

About Twentyfold

TwentyFold is a fintech intelligence subscription platform that empowers investors and fintech companies to make informed decisions and build strategic partnerships. With its unparalleled data, intuitive search functionality, and AI-powered insights, TwentyFold is rapidly becoming an indispensable tool in the fintech industry. For more information, please visit .

About Money 20/20

Launched by industry insiders in 2012, Money20/20 has rapidly become the heartbeat of the global fintech ecosystem. Over the last decade, the most innovative, fast-moving ideas and companies have driven their growth on our platform. Mastercard, Airwallex, J.P. Morgan, SHIELD, GCash, Stripe, Google, Marqeta, VISA, Adyen, Checkout.com and more make transformational deals and raise their global profile with us. Money20/20 attracts leaders from the world’s greatest VC firms, banks, regulators and media platforms: convening to cut industry-shaping deals, build world-changing partnerships and unlock future-defining opportunities. in Bangkok (23-25 April 2024), Amsterdam (4-6 June 2024) and Las Vegas (27-30 October 2024). Money20/20 also recently launched , a Digital Intelligence product containing the deepest and widest repository of fintech startup data in the world. Money20/20 is where the world’s fintech leaders convene to grow their businesses. Money20/20 is part of Ascential plc. Follow Money20/20 on and for show developments and updates. We’re Where Money Does Business.

Follow Money20/20 on for show developments and updates.

You can also find us on at Money20/20.

Enjoy Wealth Appreciation and Inheritance with Hong Kong Life’s Wealth Up (Premier) Savings Insurance Plan

Up to 4.46% p.a. Projected Total Return Rate upon Policy Maturity


HONG KONG SAR – Media OutReach Newswire – 30 April 2024 – Along with the continuous economic growth, customers would like to allocate their assets more effectively with various wealth management tools, to achieve wealth appreciation and prepare a better protection to themselves and their families. Hong Kong Life launches Wealth Up (Premier) Savings Insurance Plan as a much steady wealth management option for customers which allows them to achieve their medium-to-long term financial goals and pass their wealth to their beloved ones.

Wealth Up (Premier) Savings Insurance Plan provides 20 years of savings and life protection with only 2-year premium payment. The Plan also offers Premium Prepayment Arrangement, Change of Life Insured, Contingent Life Insured and Contingent Policyowner Arrangement for Policy Continuum and flexible death settlement options as well as simple application procedure with no medical examination required.

From now until 29 June 2024, customers may enjoy up to 13% first year premium discount and up to 5% Premium Prepayment Discount upon successful application of Wealth Up (Premier) Savings Insurance Plan. The Projected Total Return Rate can reach up to 4.46% p.a.1 upon Policy Maturity. Customers may also be entitled to a complimentary health service.

Mr. Jonathan Ko, Chief Marketing Officer of Hong Kong Life, said, “Hong Kong Life understands most customers emphasize on having secure wealth appreciation and inheritance in their life plans, especially for high-net-worth individuals. They expect making good use of relatively steady wealth management tools can offer them higher potential returns, and even can serve as a plan for future inheritance to pass on their fruitful capitals to next generation. We specially provide premium discount on Wealth Up (Premier) Savings Insurance Plan, bringing up to 4.46% p.a.1 Projected Total Return Rate upon Policy Maturity, to allow customers to achieve wealth appreciation goals of medium-to-long term and wealth inheritance flexibly with a life insurance plan.”

Learn more about Wealth Up (Premier) Savings Insurance Plan – Client Promotion Incentive:
https://www.hklife.com.hk/en/promotions/index-id-34.html

Learn more about Wealth Up (Premier) Savings Insurance Plan:
https://www.hklife.com.hk/en/products/personal-insurance/savings-plan/wealth-up-(premier)-savings-insurance-plan/index.html

Terms and Conditions apply. For enquiries, please visit the branches of our Appointed Licensed Insurance Agency, OCBC Bank (Hong Kong) Limited and Shanghai Commercial Bank Limited, or contact our Customer Service Hotline at (852) 2290 2882.

Features of Wealth Up (Premier) Savings Insurance Plan:

  • Short Premium Payment Term2 with 20-Year Life Protection

The Premium Payment Term2 of the Plan is 2 years2 only with 20 years life protection for the Life Insured.

  • Premium Prepayment Arrangement3 to Build Your Wealth with Ease

You can prepay the premium for the second year at the time of application and enjoy the premium prepayment discount on the second year premium3, so that you can build your wealth with ease.

  • Additional Return to Build Your Wealth

The Plan not only provides Guaranteed Cash Value, Terminal Dividend (non-guaranteed)4 may also be payable at or after the end of 5th Policy Year when the Policy is fully surrendered by the Policyowner, upon the death of the Life Insured (provided that there is no named and surviving Contingent Life Insured who will become the new Life Insured)or upon Policy Maturity, whichever is earlier.

When the Policy is partially surrendered by the Policyowner, Terminal Dividend (non-guaranteed)4 may be payable at or after the end of 5th Policy Year. The payable amount is equal to the Terminal Dividend (non-guaranteed)4 attributable to the reduced portion of Principal Amount5. Terminal Dividend (non-guaranteed)4 will not accumulate in the Policy.

  • Flexible Change of Life Insured6

While the Plan is in force and the Life Insured is alive, the Policyowner may change the Life Insured for unlimited times starting from the 1st Policy Anniversary as follows6. This provides you the flexibility in your financial arrangement.

Change of one Life Insured6

The Guaranteed Cash Value will remain unchanged and continue to accumulate in the Policy till the Plan matures.

Change to two Life Insureds6

The Principal Amount5 of the Policy will be converted into two new policies of the same Basic Plan in accordance to the portion as specified by the Policyowner. The Guaranteed Cash Value will be proportionally converted into the two new policies in accordance to the same portion as specified and continue to accumulate in the Policy till the Plan matures.

  • Contingent Life Insured7 and Contingent Policyowner8 Arrangement for Policy Continuum

During the lifetime of the Life Insured and while the Plan is in force, the Policyowner may designate a Contingent Life Insured7. In the event of the death of the Life Insured on or after the 1st Policy Anniversary, the Contingent Life Insured will become the new Life Insured. This sustains the Policy and avoids the possibility of Policy termination due to the unexpected death of the Life Insured.

Moreover, to safeguard the wealth management planning, during the lifetime of the Life Insured and while the Plan is in force, Policyowner may designate a Contingent Policyowner8 so that the ownership of the Policy will be transferred to the Contingent Policyowner in the event of death of the Policyowner.

  • Life Protection for Peace of Mind

When the Life Insured dies, the Total Death Benefit will be paid to the Beneficiary (provided that there is no named and surviving Contingent Life Insured who will become the new Life Insured) as below:

Policy Year Total Death Benefit
1-5 101% of Total Premiums Paid9 less Indebtedness (if any).
6-20 Applicable to the Life Insured with issue age 70 or below:
105% of Total Premiums Paid9
OR
100% of Guaranteed Cash Value as at the date of death of the Life Insured (whichever is greater)

Applicable to the Life Insured with issue age above 70:
101% of Total Premiums Paid9
OR
100% of Guaranteed Cash Value as at the date of death of the Life Insured (whichever is greater)

plus Terminal Dividend (non-guaranteed)4(if any),
less Indebtedness (if any).

  • Flexible Death Settlement Options10

The Plan provides flexible Death Benefit Settlement Options10. Instead of receiving the Death Benefit in a lump sum payment, Policyowner can designate one of the following settlement options while the Plan is in force and the Life Insured is alive to settle the Death Benefit to the Beneficiary.

1. Installment Payments (Fixed Amount)

Death Benefit will be paid in fixed amount at regular intervals (monthly, quarterly, semi-annually or annually).

2. Installment Payments (Fixed Period)

Death Benefit will be paid in installments (monthly, quarterly, semi-annually or annually) for an agreed fixed payment period.

3. Partial Installment Payments (Fixed Amount)

A designated percentage of Death Benefit will be paid in a lump sum. The unpaid balance of Death Benefit will be paid in fixed amount at regular intervals (monthly, quarterly, semi-annually or annually).

4. Partial Installment Payments (Fixed Period)

A designated percentage of Death Benefit will be paid in a lump sum. The unpaid balance of Death Benefit to be paid in installments (monthly, quarterly, semi-annually or annually) for an agreed fixed payment period.

5. Partial Installment Payments until the Designated Age of the Beneficiary

Death Benefit will be paid in fixed amount at regular intervals (monthly, quarterly, semi-annually or annually) before the Designated Age of the Beneficiary. The unpaid balance of Death Benefit (if any) will be paid in a lump sum at the Designated Age of the Beneficiary.

6. Increasing Installment Payments

Death Benefit will be paid by increasing installments (monthly, quarterly, semi-annually or annually). Death Benefit will be paid in a specified amount for the first installment. The subsequent installments will be increased by 3% each year starting from the second year until Death Benefit is fully settled.

  • Fixed Premium for Your Better Planning

The premium will remain unchanged throughout the Premium Payment Term2, allowing you to have a better plan for your future.

  • Simple Application

Application procedure is simple and no medical examination is required.

Remarks:

  1. Upon successful application of Wealth Up (Premier) Savings Insurance Plan, customers may enjoy up to 13% first year premium discount. In addition, up to 5% Premium Prepayment Discount will be offered to customers if the second year premium is paid in advance together with the first year premium at the time of application. For the USD Policy, the projected total return rate is 4.46% p.a. (non-guaranteed) upon Policy Maturity, if no Policy Loan, no withdrawal or partial surrender and all premiums have been paid when due during the benefit term, with the 13% first year premium discount and the 5% Premium Prepayment Discount. Client incentive is subject to the terms and conditions, please refer to : https://www.hklife.com.hk/en/promotions/index-id-34.html for details.
  2. The Policy will be terminated if the Policyowner cannot settle the premium payment before the end of the Grace Period during the Premium Payment Term, subject to the Non-forfeiture Option and other relevant provisions of the Policy. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life. If the Policy is terminated before the Policy Maturity, the Total Surrender Value (if applicable) received by the Policyowner may be less than the Total Premiums Paid.
  3. When paying the first year premium, the second year annual premium may be deposited in advance into the Premium Deposit Account at the same time in order to be eligible for 4% (applicable to HKD / RMB Policy) or 5% (applicable to USD Policy) discount on the second year premium. If the premium is pre-paid in HKD for USD Policy, the pre-paid amount will be converted to USD based on the exchange rate as at the date of prepayment and deposited into the Premium Deposit Account for paying the second year premium. If the premium is pre-paid in HKD for RMB Policy, the pre-paid amount will be converted to RMB based on the exchange rate as at the date of prepayment and deposited into the Premium Deposit Account for paying the second year premium. The amount in the Premium Deposit Account will be debited automatically to pay the premium on the premium due date of the 2nd Policy Year. No interest will be credited and no partial or full withdrawal is allowed for the amount in the Premium Deposit Account.
  4. Terminal Dividend is not guaranteed and may be changed from time to time. Past performance is not indicative of future performance. The actual amount payable may be higher or lower than those illustrated in the Insurance Proposal. Hong Kong Life reserves the right to change them from time to time.
  5. Principal Amount is used to calculate Initial Premium, any subsequent premium, benefits and policy values (if any) of the respective Basic Plan and any Supplementary Benefit. Any subsequent change of the Principal Amount will result in corresponding change in premium, benefits and policy values (if any) of the respective Basic Plan and any Supplementary Benefit. The Principal Amount does not represent the amount of death benefit of the respective Basic Plan and any Supplementary Benefit.
  6. Change of Life Insured is subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. If change of one Life Insured option is elected, the Principal Amount, Guaranteed Cash Value, Terminal Dividend (if any), Policy Date, Maturity Date, premium, Premium Payment Term, Total Premiums Paid and Indebtedness (if any) will remain unchanged on the date of endorsement. If change to two Life Insureds option is elected, the Principal Amount, Guaranteed Cash Value, Terminal Dividend (if any), premium, Total Premiums Paid and Indebtedness (if any) will be proportionally converted into the two new policies in accordance to the same portion as specified by the Policyowner. The Principal Amount of the new policies is subject to the minimum amount as determined by Hong Kong Life from time to time. The Policy Date, Maturity Date and Premium Payment Term of two new policies will be the same as the original Policy. The Policy Year will remain unchanged after the change of Life Insured. The Death Benefit by Policy Year will continue to apply (applicable to the policy(ies) which the Initial Life Insured with issue age 70 or below). At the time Hong Kong Life receives the written request, the proposed New Life Insured’s age(s) must not be over 70 (applicable to the policy(ies) which the Initial Life Insured with issue age 70 or below) / 80 (applicable to the policy(ies) which the Initial Life Insured with issue age above 70) and must not be older than the Initial Life Insured. Also, evidence of insurability including the insurable interest for the proposed New Life Insured(s) shall be submitted. In addition, all New Life Insured(s) and the Previous Life Insured must be alive on the date of endorsement or the Issue Date of the new policies (where applicable). All Supplementary Benefit(s) (if any) for the Previous Life Insured will be terminated automatically on the date of endorsement or the Issue Date of the new policies (where applicable) and no unearned premium shall be refunded. The relevant Supplementary Benefit(s) can be applied in respect of the New Life Insured(s) in the original Policy or new policies (where applicable) subject to the underwriting rules and requirements as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life.
  7. Designation of Contingent Life Insured is subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. Only one Contingent Life Insured can be designated at a time. At the time Hong Kong Life receives the written request, the Proposed Contingent Life Insured’s age must not be over 70 (applicable to the policy which the Initial Life Insured with issue age 70 or below) / 80 (applicable to the policy which the Initial Life Insured with issue age above 70) and must not be older than the Initial Life Insured. Also, evidence of insurability including the insurable interest for the Proposed Contingent Life Insured must be submitted. Upon the death of the Life Insured on or after the 1st Policy Anniversary while the Policy is in force, the actual change of Life Insured to the Contingent Life Insured shall be approved and becomes effective subject to Hong Kong Life’s receipt of satisfactory proof of the Life Insured’s death and any documents as requested, the relevant conditions and limitation, and the prevailing administrative rules and requirements of Hong Kong Life. All Supplementary Benefit(s) (if any) for the Life Insured will be terminated automatically upon the date of death of the Life Insured and no unearned premium shall be refunded. The relevant Supplementary Benefit(s) can be applied for by the Contingent Life Insured, subject to the underwriting rules and requirements as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to relevant form and the policy document issued by Hong Kong Life.
  8. Designation of Contingent Policyowner is subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. Only one Contingent Policyowner can be designated at a time, and evidence of insurability including the insurable interest for the Proposed Contingent Policyowner must be submitted. Upon the death of the Policyowner while the Policy is inforce, the actual transfer of ownership of this Policy to the Contingent Policyowner shall be approved and becomes effective subject to Hong Kong Life’s receipt of satisfactory proof of the Policyowner’s death and any documents as requested, the relevant conditions and limitation, and the prevailing administrative rules and requirements of Hong Kong Life. All Supplementary Benefit(s) (if any) for the Policyowner will be terminated automatically upon the date of death of the Policyowner and no unearned premium shall be refunded. The relevant Supplementary Benefit(s) can be applied for by the Contingent Policyowner, subject to the underwriting rules and requirements as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to relevant form and the policy document issued by Hong Kong Life.
  9. Total Premiums Paid means the total amount of due and payable premiums from the Policy Date up to the date of termination of the Plan, paid to the Plan and received by Hong Kong Life. Any payment in excess of such amount of due and payable premiums will not be included in the Total Premiums Paid. In case of Partial Surrender, the Total Premiums Paid under the Policy shall be adjusted and reduced proportionally as specified in the Partial Surrender provisions. The Total Premiums Paid does not include the amount in the Premium Deposit Account. In the event of the death of Life Insured, the amount in the Premium Deposit Account (if any) will be paid to the Beneficiary. If Policyowner requests to surrender, the amount in the Premium Deposit Account (if any) will be returned to the Policyowner.
  10. Death Benefit Settlement Options are only applicable in the event of the death of the Life Insured after the Premium Payment Term and all premiums due have been paid, and subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life.

Hashtag: #HKLife #致富易優越 #儲蓄壽險 #中長線儲蓄 #資產增值 #財富傳承




The issuer is solely responsible for the content of this announcement.

About Hong Kong Life

Established in 2001, Hong Kong Life Insurance Limited (“Hong Kong Life”) was founded by five local financial institutions including Asia Insurance Company Limited, Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Bank (Hong Kong) Limited and Shanghai Commercial Bank Limited, which laid their foundations and have been serving people in Hong Kong for more than 50 years in average. Through our extensive network of around 130 distribution points comprising Chong Hing Bank, CMB Wing Lung Bank, OCBC Bank and Shanghai Commercial Bank, we provide a comprehensive range of insurance products and services to customers.

Qmiax Obtains Canadian MSB License, Initiating a New Era of Compliance in Trading

NEW YORK, USA – Media OutReach Newswire – 30 April 2024 – In the rapidly evolving landscape of global financial technology, cryptocurrencies have become a significant part of financial innovation. With the rapid expansion of the market, regulatory compliance of cryptocurrency exchanges has become a highly focused area of attention both within and outside the industry. Recently, Qmiax exchange announced that it has been granted the Money Services Business (MSB) license by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), sparking widespread attention in the industry. This major achievement not only marks a new chapter in the development of Qmiax but also sets a new benchmark for compliance in the entire cryptocurrency trading industry.

Compliance is crucial for cryptocurrency exchanges, as it is key to their survival and growth. Compliant exchanges can provide users with a secure, transparent trading environment, effectively mitigating financial risks. Therefore, obtaining certification from authoritative financial regulatory agencies becomes a vital cornerstone for the sustainable development of exchanges.

As a dynamic cryptocurrency exchange, the acquisition of Qmiax of the MSB license from FINTRAC demonstrates its high commitment to compliance and security. Behind this achievement is the relentless efforts of Qmiax and innovation in ensuring trading compliance and security. The platform has established rigorous internal monitoring systems, implemented advanced Know Your Customer (KYC) procedures for customer identity verification, and introduced advanced technologies and algorithms in Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) measures to monitor and analyze trading activities, identify, and prevent suspicious activities. Additionally, the platform collaborates with leading global security technology companies to further enhance data security and protect user assets.

Improvements in compliance will enable the platform to attract more users and investors seeking a secure and reliable trading platform. In the current increasingly mature cryptocurrency market, users have higher demands for security and compliance from exchanges. Faced with evolving regulatory environments and rapid technological advancements, Qmiax needs to continuously adjust and optimize its compliance strategies to meet various challenges that may arise in the future.

In the future, Qmiax will continue to uphold the principles of compliance, security, and innovation to provide users with higher quality services and drive the development of the cryptocurrency trading industry.

https://www.qmiax.co
Hashtag: #Qmiax

The issuer is solely responsible for the content of this announcement.

Samsung Solve for Tomorrow 2023 Concludes After an 8-Month Journey, Igniting the Collaborative Efforts of Hong Kong’s Primary and Secondary School Students Towards a Technology-Driven Sustainable Future

Ying Wa Primary School and Ho Yu College and Primary School (Sponsored by Sik Sik Yuen) emerged as the Champions in the Primary and Secondary school categories respectively. Around 2,000 students enthusiastically responded to the call for action under the theme of “1maginati0n that Creates our Sustainable Future.”


HONG KONG SAR – Media OutReach Newswire – 30 April 2024 – In line with its unwavering commitment to “Everyday Sustainability,” Samsung Electronics HK. Co. Ltd, the world’s leading technology company, successfully organized the annual Samsung Solve for Tomorrow competition under the theme of “1maginati0n that Creates our Sustainable Future.” This year’s competition garnered remarkable participation from over 2,000 students representing nearly 400 primary and secondary schools who actively took part in a diverse range of online and offline activities. The final stage of the competition was conducted in a more streamlined format, where the eight shortlisted teams presented their projects to the judging panel after receiving valuable guidance from mentors and refining their creative endeavors. The level of competition was intense, with the judges meticulously selecting the winners in real-time. Additionally, the event showcased the Samsung “Tomorrow’s Lifestyle Showcase,” which served as a dynamic platform for the public to explore how the eight shortlisted teams harnessed the power of technology to pave the way for a sustainable future.

Samsung Solve for Tomorrow 2023 concludes after an 8-month journey, garnering remarkable participation from over 2,000 students representing nearly 400 primary and secondary schools who actively took part in a diverse range of activities
Samsung Solve for Tomorrow 2023 concludes after an 8-month journey, garnering remarkable participation from over 2,000 students representing nearly 400 primary and secondary schools who actively took part in a diverse range of activities

“As we celebrate the 10th anniversary of Samsung Solve for Tomorrow, we also witness how rapidly evolving technology is transforming our lives. In recent years, AI (Artificial Intelligence) has become a hot topic that everyone is exploring. As a technology leader, Samsung embraces the ‘Al for All’ vision, leveraging AI technology to bring new experiences to our products. We also noticed that approximately 15% of the participating entries incorporated various AI technologies. I am proud to see these young talents seizing the opportunity to explore and master these advanced technologies. This has been the original intention since we brought Solve for Tomorrow to Hong Kong in 2013,” said Yiyin Zhao, Managing Director at Samsung Electronics Hong Kong.

“In recent years, AI (Artificial Intelligence) has become a hot topic that everyone is exploring. We also noticed that approximately 15% of the participating entries incorporated various AI technologies.
“In recent years, AI (Artificial Intelligence) has become a hot topic that everyone is exploring. We also noticed that approximately 15% of the participating entries incorporated various AI technologies.” said Yiyin Zhao, Managing Director at Samsung Electronics Hong Kong.

She continued, “Solve for Tomorrow is not just a technology competition for students; it is a platform that allows the younger generation to showcase their skills and apply their knowledge across the STREAM fields, including Science, Technology, Research, Engineering, Arts, and Mathematics. It combines problem-solving abilities with creativity, critical thinking, collaboration, and communication skills, known as the ‘4Cs.’ Through this platform, students contribute ideas and solutions to various social issues, driving sustainable development and becoming the future leaders of Hong Kong.”

Samsung “Tomorrow’s Lifestyle Showcase” presents students’ aspirations for a sustainable future

In keeping with traditions, Samsung Solve for Tomorrow 2023 introduced several new elements this year. In additional to the STREAM workshop series which encompassed Design Thinking, modular robotics design, coding, collaboration and presentation skills, and video productions, advanced workshops on robotics and programming were also added, providing students who wanted to delve into advanced technology with the opportunity to learn through hands-on experiences guided by the instructor.

After the preliminary judging process, eight teams from the primary and secondary school categories were selected from hundreds of creative entries to advance to the final stage of the competition. These teams collaborated with mentors, consisting of renowned Hong Kong entrepreneurs and Samsung employees, to further refine their projects. Additionally, Samsung set up the “Tomorrow’s Lifestyle Showcase” to present the creative works of the eight shortlisted teams in three areas: “Tomorrow’s Home,” “Tomorrow’s Shop,” and “Tomorrow’s City.” The exhibition portrayed their visions for a sustainable future.

Ying Wa Primary School and Ho Yu College and Primary School (Sponsored by Sik Sik Yuen) emerge winners

After the keen competition at the Grand Pitch, the judging panel selected Ho Yu College and Primary School (Sponsored by Sik Sik Yuen) and Ying Wah Primary School as the champions.

Ho Yu College and Primary School (Sponsored by Sik Sik Yuen) presented their thoughtfully crafted project, “E-Receipt App”, an electronic receipt system for daily transactions that integrates paper receipts and point-of-sale systems to reduce the production and disposal of physical paper receipts. Users can instantly receive E-receipts on their mobile app after making a purchase, eliminating the need to wait for printed receipts. Merchants adopting the “E-Receipt App” platform can save on printing costs, while the platform facilitates unified sales calculations and boosts sales.

Ying Wah Primary School secured the primary school champion title once again with their intelligent channel device, “AI AQUA DEFENDER.” This device addresses waterlogging issues caused by channel blockages. When the AI camera detects obstacles on the channel cover, the built-in air pump blows away leaves using high-pressure air. The device also incorporates sensors to measure garbage levels, oil, and a spiral disperser to ensure unobstructed flow in the channel. A real-time monitoring application connects all the channel devices and provides information to channel maintenance personnel for efficient cleaning and upkeep of the channels.

Samsung Solve for Tomorrow 2023 competition, is organized by Samsung and co-organized by the Association of I.T. Leaders in Education (AiTLE) with full support from A Plastic Ocean Foundation, Hong Kong Education City Limited and Coding101, the leading STREAM solution provider in Hong Kong. The champions and the winners of 1st runner-up, 2nd runner-up, 3rd runner-up, and six Merit Awards of Primary and Secondary categories were announced at the Award Presentation Ceremony. The total prize of 20 winning teams is worth more than HK$260,000.

Winning list (Please refer to the appendix for details of the entries):

Primary School

Category

Champion
  • Ying Wa Primary School – AI AQUA DEFENDER
1st Runner up
  • S.K.H. Lui Ming Choi Memorial Primary School – AI Ocean Garbage Cleaner
2nd Runner up
  • AD & FD of POHL Leung Sing Tak School – Intelligent Liquid Packing Machine
3rd Runner up
  • Hong Kong Baptist Convention Primary School – Rewarding Recycling Machine
Merits

(6 teams)

  • Yaumati Catholic Primary School (Hoi Wang Road) – Volunteer Work Bingo App
  • Kwong Ming Ying Loi School – eMedicine app for elderlies and color blind patients
  • Methodist School – Student Spine Protector
  • Methodist School – Travelling Assistant for Visually Impaired People
  • Marymount Primary School – Recyclopedia
  • Marymount Primary School – AI Vision for Vision Disability
Secondary School

Category

Champion
  • Ho Yu College and Primary School (Sponsored by Sik Sik Yuen) – E-Receipt App
1st Runner up
  • Queen Elizabeth School Old Students’ Association Tong Kwok Wah Secondary School – Unblocked the Blocked Drainage
2nd Runner up
  • St. Paul’s Convent School – FOKUS
3rd Runner up
  • Belilios Public School – AI Manager
Merits

(6 teams)

  • Diocesan Girls’ School – Flower Nanny
  • St Stephen’s Girls’ College – Greener Fridge
  • St. Mary’s Canossian College – Elder-AID
  • Carmel Pak U Secondary School – EduForge
  • Fung Kai No.1 Secondary School – Connection VR
  • Man Kwan Pak Kau College – Construction Site Safety Guard

Hashtag: #Samsung

The issuer is solely responsible for the content of this announcement.

About Samsung Solve for Tomorrow

Samsung Solve for Tomorrow is an annual competition that brings together the creativity and passion for new technologies of young people around the world, to solve social problems in local communities. In 2013, Samsung introduced this meaningful event to Hong Kong and inspired tens of thousands of students to come up with innovative solutions that address social issues in Hong Kong. Samsung is promoting the new educational philosophy of “STREAM4CARE”. Besides encouraging Hong Kong students to increase their knowledge of STREAM – Science, Technology, Research, Engineering, Arts and Mathematics – Samsung hopes that they can develop empathy and sense of responsibility and apply their STREAM knowledge to contribute to the society. Through the competition, Samsung hopes to cultivate thought leaders of tomorrow, equipping them with both technological knowledge and the sense of responsibility of a global citizen.

To learn more about Samsung Solve for Tomorrow, please visit:

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions.

China leads with eight of top ten largest VC deals in Asia in Q1’24, KPMG analysis finds

AI and cleantech interest drives VC investment in Asia


HONG KONG SAR – Media OutReach Newswire – 30 April 2024 – Despite a challenging start to the year, China secured eight of the largest ten deals in Asia. China continued to show interest in advancing AI and machine learning innovation; cleantech and alternative energy also attract strong funding in China, where three cleantech were among the largest deals in Asia during the quarter, according to KPMG analysis.

In Q1’24, VC-backed companies in the Asia region raised USD18.9 billion across 2,305 deals, according to the latest KPMG’s Venture Pulse Q1 2024 report. Top three largest VC deals in Asia came from China, including a USD 1.1 billion deal by EV company IM Motors, a USD1 billion deal by AI-focused YueZhi AnMian, and a USD 940 million deal by Yuanxin Satellite.

AI and new energy continued to be the most attractive sectors for investment in China, including subsectors like new materials manufacturing to support new energy activities. China accounted for four of the world’s new cleantech and alternative energy focused unicorns in Q1’24, including Sungrow NewEnergy, Guangxi CNGR New Energy, Zhizi Auto, and Qiyuan Green Power.

Zoe Shi, Partner, KPMG China, says: “In China, we have witnessed significant development in the EV sector, especially in the passenger vehicle market. Currently, there is a growing interest on EV trucks due to China’s vast industrial market and the extensive use of trucks for industrial transportation. However, further progress is required to fully expand this sector, from an energy-related aspect of development and exploring new materials to support industrial vehicles.”

During Q1’24, a number of SPACs in Hong Kong are nearing their two-year deadline to announce a merger and others are close to their three-year window to complete an announced merger. Hong Kong saw SPAC deal processes taking longer than planned, largely attributable to extended approval processes needed for Chinese Mainland companies planning to merge with SPACs for public listings in Hong Kong, contributing to a more cautious pace in exit activities.

Irene Chu, Partner & Head of New Economy and Life Sciences, Hong Kong (SAR) KPMG China, says: “While the broader economy needs to pick up before IPO activity really comes back, there are some positive signs for the future. Advanced technology companies, AI companies, deeptech companies — all of those fall under the strategic industries supported by the Hong Kong with strong funding and policies. This can help bridge the financial gap for startups as they navigate the challenging funding market.”

Despite the challenging start to the year, the Hong Kong government continues to support R&D to drive the commercialization of research outcomes, nurture local start-ups and talent, and boost the collaboration with sister cities in the Greater Bay Area. Strategic companies from mainland China and the US in life and health technology, AI and data science, fintech, advanced manufacturing and new energy, have committed to setting up R&D centers or regional offices in Hong Kong via the Office of Attracting Strategic Enterprises (OASES) and invest more than USD5 billion and creating over 13,000 jobs in the coming years. These companies will give a boost to the startup ecosystem.

Looking ahead to Q2 2024, VC investment in Asia is anticipated to remain stable, with the consumer market expected to recover gradually. AI and ESG-related technologies, including battery technologies, the EV value chain, and semiconductors, are projected to continue drawing significant investments. In China, there is some expectation that potential government policies aimed at boosting economic confidence could enhance VC investor sentiment in the latter half of 2024, should the policies materialize in Q2’24.

Hashtag: #KPMGChina

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About KPMG China

KPMG China has offices located in 31 cities with over 15,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.

Winner of USD 1.3 Billion Powerball Jackpot is Immigrant From Laos

Cheng "Charlie" Saephan holds a check above his head after speaking during a news conference where it was revealed that he was one of the USD 1.3 billion Powerball jackpot at the Oregon Lottery headquarters on 29 April 2024 in Salem, Ore. (Photo: AP)

SALEM, Ore. (AP) — One of the winners of a USD 1.3 billion Powerball jackpot this month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week.

ARCTITUDESIGN Dominates Again: Clinches Top Spots at 2023 Design Competitions

Continuing Their Award-Winning Streak, the Firm Excels at International Design Awards and Architizer A+Awards


HONG KONG SAR – Media OutReach Newswire – 30 April 2024 – ARCTITUDESIGN, an eminent interior architecture and design firm with roots in Australia and Hong Kong, has been honored with notable accolades in the 2023 International Design Awards (IDA) and the 2023 Architizer A+Awards. The firm received an Honorable Mention as the Interior Designer of The Year (Residential) at the IDA and was a Finalist in the Residential Interior category (less than 3000 sq ft) at the Architizer A+Awards. Merging the design aesthetics of these two regions, ARCTITUDESIGN produces innovative, lasting designs that elevate living and working spaces while catering to the specific needs and stylistic preferences of individuals.

ARCTITUDESIGN Dominates Again: Clinches Top Spots at 2023 Design Competitions

Influenced by Australian culture, ARCTITUDESIGN adopts an effortless style that is both relaxed and genuine, choosing a natural and organic approach to design rather than a polished and formal one. By focusing on simplicity and balance, ARCTITUDESIGN crafts tranquil and elegant environments that invoke peace.

Recognizing the need for precise vision and detail in complex designs, ARCTITUDESIGN delivers a variety of services including interior design and planning, construction, project management, and procurement. Committed to aesthetics and functionality, the firm ensures every aspect of the design process is carefully considered, from material selection to sustainability, accommodating client needs and the diverse ways people inhabit spaces.

ARCTITUDESIGN prioritizes effective space planning to improve movement and interaction within spaces, using sustainable materials and integrating thoughtful lighting solutions and acoustic considerations to foster a connection between individuals and the environments.

With a diverse portfolio that demonstrates the team’s commitment to design excellence, ARCTITUDESIGN has successfully executed numerous residential and commercial projects, adapting the company’s designs to meet the unique demands of each client. From initial design to post-construction maintenance, the team’s services cover all aspects of creating adaptable, innovative, and communicative environments that are prepared for the future and leave a lasting impression.

For additional details about ARCTITUDESIGN and to view the portfolio, please explore the website at arctitudesign.com.hk.
Hashtag: #ARCTITUDESIGN

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About ARCTITUDESIGN

ARCTITUDESIGN is dedicated to a comprehensive and holistic approach to interior design, emphasizing the overall well-being of individuals’ mind, body, and spirit. The firm’s mission is to craft aesthetically appealing environments that not only look beautiful but also enhance comfort and promote a stress-free lifestyle.

ECOVACS ROBOTICS Teams Up with New Brand Ambassador, South Korean Superstar Jun Ji-hyun, for a Dynamic Journey Ahead


SINGAPORE – Media OutReach Newswire – 30 April 2024 – ECOVACS ROBOTICS, a global leader in service robotics, is thrilled to announce the appointment of Jun Ji-hyun, the celebrated South Korean actress and model, as its new Brand Ambassador. The partnership marks a new era for ECOVACS to break new ground with industry-leading innovations that improve the lives of people in the Asia-Pacific and around the world.

Jun Ji-hyun with ECOVACS DEEBOT T30

With her powerhouse performances, Jun Ji-hyun has earned critical acclaim and numerous awards. Moreover, her charisma, self-confidence and authenticity continue to capture the hearts and minds of the public, making her the ideal embodiment of ECOVACS’ continuous commitment to innovation. And ECOVACS also stands out as Jun Ji-hyun’s top choice, eliminating the dilemmas of choosing home cleaning solutions. For over 26 years, ECOVACS has played a key role in defining new categories of service robots that have transformed the industry. Among them are the world’s first robotic vacuum cleaner, the DEEBOT, the world’s first robotic window cleaner, the WINBOT, and the world’s first robotic air purifier, the AIRBOT.

ECOVACS ROBOTICS Family

Both ECOVACS and Jun Ji-hyun share a passion for excellence, with a goal to constantly revolutionize the conventional status quo and set new standards for the industry. Leading the core robotics and intelligent technologies, ECOVACS has expanded its offerings from indoor to outdoor products. With its revolutionary breakthroughs, ECOVACS is always redefining the industry. Today, ECOVACS’ customer base includes more than 50 million households in over 150 countries and regions worldwide.

Upholding the mission of “Robotics for All,” ECOVACS is constantly looking ahead and envisioning the future lives of people to develop aspirational products and technologies. Each one represents a valuable addition to the product matrix, meticulously crafted to enhance the home cleaning experience in every way, with the exquisite DEEBOT T30 OMNI, the versatile DEEBOT X2 COMBO, the pioneering DEEBOT Y1 Family, and the cutting-edge WINBOT W2 OMNI launched in APAC region. Notably, the refined T30 family took the robotic vacuum cleaner market by storm with sales of over 50,000 units within only 15 days upon its debut.

“Jun Ji-hyun’s dynamic personality and persistent dedication to achieving excellence in her career makes her the ideal ambassador of our brand in the Asia Pacific region. APAC is one of the most important overseas markets for ECOVACS, and we want to lead the way in utilizing service robotics to elevate the lifestyles of consumers in this region together with Jun Ji-hyun.” said David Qian, vice chairman of ECOVACS Group and CEO of ECOVACS ROBOTICS.

Jun Ji-hyun’s ambassadorship with ECOVACS symbolizes the company’s new momentum to forge deeper connections with its regional consumers, echoing its three-year strategic plan to become the world’s most loved robotic brand in the future. Through this remarkable alliance, ECOVACS is also poised to continue redefining the smart robotic experience and expanding its global presence to further the brand’s mission of creating “Robotics for All”.
Hashtag: #ECOVACSROBOTICS

The issuer is solely responsible for the content of this announcement.

ECOVACS ROBOTICS

Innovation has been in ECOVACS’ DNA since the very first day. ECOVACS Robotics is one of the earliest service robot developers and manufacturers in the world. We are laser-focused on independent and ground breaking R&D, design, and manufacturing of service robots. We stay committed to our ambition of becoming the world’s leading robotics company. ECOVACS Robotics has a single-minded mission – “Robotics for All.”

Over 26 years of design and industry-leading research have led to ECOVACS winning recognition from global customers. We focus on our vision – “Advancing robotic technologies to serve the world, to create a holistic ecosystem between human and robotics in lifestyle and production”. We stay committed to avantgarde R&D to understand users’ needs, innovating to build a better world, and promoting the growth of our industry.